Investors looking for a silver lining in September can seek solace in noted investors' and analysts' calls.
DoubleLine Capital CEO Jeffrey Gundlach's predicted the Federal Reserve should be done raising interest rates. Even better, Gundlach thinks the Fed will cut"in the first half of the next year," and at a speed much faster than it had raised rates."The Fed raises rates by taking the stairs and they cut rates by taking the elevator," Gundlach said.chief U.S. equity strategist, told CNBC he thinks the S&P might exceed his year-end target of 4,500.
It's true 4,500 isn't that's not far off from the index's close of 4,461. But Kostin's comments imply that — unlike Apple's frozen iPhone prices — stocks will at least rise, and not remain stagnant or fall further, between now and the end of the year.
Source: News Formal (newsformal.com)
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